Old Media, Through an ETF
An idea so contrarian that few ETFs exist to capitalize on it.
For the past few years, taking an investment in the beleaguered traditional media space has been the very definition of a contrarian view.
"Old media" companies have ridden a roller coaster in recent years as investors first questioned their competitive positions, their high levels of debt in some cases, and ultimately some firms' very survival. Investors then saw many of these names come roaring back in 2009 and, in some cases, 2010 as well.
Robert Goldsborough does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.